If we can ignore marketing and production costs,the firm can increase inventory management efficiency by

Question

Quizplus · Accepted Answer

Increasing inventory levels can lead to higher storage and handling costs, as well as increased risk of obsolescence, damage, or theft. On the other hand, decreasing inventory levels can help to reduce storage and handling costs, and can encourage more efficient use of available resources. However, it is important to balance inventory levels with demand and supply, so that the firm can maintain a satisfactory level of customer service while minimizing the total cost of holding inventory.

If We Can Ignore Marketing and Production Costs,the Firm Can